Trading Methodology:
1. An asymmetric bullish/bearish pennant is drawn using ascending and descending curved trend lines with a minimum of three price action touche points per line. The direction is determined by the previous trend.
2. The angle tool is applied from the earliest two trend touch points, beginning at the earliest touch point.
3. A trend-based...
Learning how to use Volume Profile. What are thoughts on NCR as a swing based on about 9.5% increase back up to the Point of Control as resistance? Other indicators appear to also be acceptable.
As show on chart, price may want to complete the 5-Wave development and drive to approximately 55 per share. Will long next week, targeting 55.70 per share with SL set at 29.
Notice also a bounce from ML of a Fork which is being in play since many years ago.
NCR is currently in a descending channel with stochastic indicating reversal, and with earnings coming up and hype it could break through. I am in at 44.34 with a 43.00 stop loss.
NCR
